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ACET Seeks to Expand in Oakland

OAKLAND, CA-Advancing California's Emerging Technologies may use its $.6.2 million grant to build a 40,000-sf, state-of-the-art laboratory in Oakland's Coliseum redevelopment area.

By Michelle Savage | Updated on February 20, 2003

OAKLAND, CA-According to Oakland officials, high-tech incubator Advancing California’s Emerging Technologies (ACET) may expand in Oakland, if the Oakland Redevelopment Agency approves $1.6 million in matching funds for the project.

In August, the U.S. Economic Development Administration (EDA) presented its largest grant award of $6.4 million to ACET to fund a major addition to its existing building, which is a 40,000-sf laboratory. According to EDA, ACET’s new facility, which is expected to open in 2004, will be the largest of its kind west of the Mississippi.

This week, the Oakland Redevelopment Agency will consider approving up to $1.6 million in matching funds to locate the new ACET facility in Oakland’s Coliseum redevelopment area.

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